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Electric Ireland to increase prices by almost 25%

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Electric Ireland said it will increase its residential electricity prices by 23.4% and gas prices by 24.8% from May 1.

It said the increase will equate to €24.80 a month on the average residential electricity bill and €18.35 a month on the average residential gas bill.

But she added that unfortunately the unprecedented and sustained volatility of wholesale gas prices over the last 12 months means that the company now needs to increase prices. Last week, gas and electricity company Energia said it will increase prices charged to its customers which will see their average bills go up by 15% from April 25.

The company said it was ending its 'winter price pledge' with the higher charges taking effect from April 15.

 

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